Atlanta’s growth streak is ending. “Welcome South, Brother” for many is turning into goodbye as residents look to smaller, more affordable metro areas https://t.co/2nR9t0GEPe ...

🚨 PIPER SANDLER: Fears over Tesla's regulatory credit decline are overblown.They still expect $3B in 2025 and $2.3B in 2026—no major hit.Reiterates Overweight & $400 PT on $TSLA*Walter Bloomberg (@DeItaone):$TSLA - PIPER SANDLER: TESLA REGULATORY CREDIT RISKS OVERSTATEDPiper Sandler reiterated its Overweight rating and $400 price target on Tesla, saying regulatory credit concerns are overblown. While Tesla received ~$3.5B in credits last year (equal to its free cash flow), the ...

Bitcoin interest is catching up again! 👀 https://t.co/mdQECCSx7y ...

Company to Match Federal Contributions to Help Build a Stronger Financial Future for Spectrum Employees and their ChildrenSTAMFORD, Conn., July 21, 2025 /PRNewswire/ -- Charter Communications, which operates under the Spectrum brand in its local communities, today announced its participation in the federal "Invest in America" Trump Accounts initiative, further strengthening the Company's commitment to its 100% U.S.-based employee workforce. Charter will match the federal government's $1,000 contribution for ...

Asia Pacific Equity Research 18 July 2025 This material is neither intended to be distributed to Mainland China investors nor to provide securities investment consultancy services within the territory of Mainland China. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. China Lithium Dashboard More supply disruption news, but limited fundamental improvement Asia Basic Materials Avery Chan AC (852) 2800-8659 avery.chan@jpmorgan.com J.P. ...

July 18, 2025 11:54 AM GMT Greater China Materials | Asia Pacific Weekly Monitor: Lithium Supply Disruption Key Takeaways Base metals: Shanghai copper prices were down 0.1% WoW while inventories were up 3.8% WoW. Shanghai aluminum prices were down 0.4% WoW while inventories were up 5.5% WoW. Battery metals: Domestic industrial-grade and battery-grade lithium hydroxide prices were both flat WoW; while industrial-grade and battery-grade lithium carbonate prices were up 2.1% and 2.0% WoW. Gold: Price decreased ...

Summary of Laopu Gold Conference Call Company Overview - **Company**: Laopu Gold - **Industry**: Retail Gold Jewelry - **Market Cap**: HK$149 billion (approximately US$19.0 billion) [7] Key Financial Highlights - **H1 2025 Expectations**: Anticipated net income (NI) of Rmb2.3-2.5 billion, representing a year-over-year growth of 280% to 330% [2] - **Forecasted Growth**: - Revenue: Rmb12.9 billion - Net Income: Rmb2.3 billion - Adjusted Net Income: Rmb2.4 billion [2] - **Full-Year NI Expectation**: Market expectations for full-year NI at approximately Rmb5.5 billion may be overly optimistic [2] Gross Profit Margin (GPM) Insights - **GPM Pressure**: GPM for pure gold products has been declining due to a 34% increase in gold prices from January to April, while Laopu only raised prices by 10% [3] - **Future Price Adjustments**: Anticipation of more aggressive price hikes in H2 to mitigate GPM pressures, including price increases on existing products and the introduction of premium products [3] Store Expansion Plans - **New Store Openings**: Laopu plans to open 9 high-quality boutiques in 2025, with 8 located in premium shopping malls in tier-1 cities, Hong Kong, and Singapore [4] - **Expected Productivity**: New stores are projected to achieve 2x-4x the average store productivity compared to previous years [4] Valuation and Price Target - **Rating**: Neutral - **Price Target**: Raised to HK$980 from HK$900, reflecting a 33x/25x PE ratio for 2025/26 estimates [5] - **Earnings Per Share (EPS) Growth**: 2025-27E EPS increased by 25-35% due to strong same-store sales growth and operating leverage [5] Financial Projections - **Revenue Growth**: - 2025E: Rmb27.44 billion (39.8% increase from previous estimates) - 2026E: Rmb36.11 billion (36.9% increase) - 2027E: Rmb43.54 billion (31.4% increase) [9] - **Net Income Projections**: - 2025E: Rmb4.71 billion - 2026E: Rmb6.24 billion - 2027E: Rmb7.59 billion [9] Risks and Challenges - **Industry Risks**: - Economic slowdown in China affecting consumer spending - Competition from lab-grown diamonds and other retailers [15] - **Company-Specific Risks**: - Competition from other jewelers - Potential consumer shift to imitation products [16] Upside Potential - **Positive Factors**: - Sustained high gold prices - Successful new product launches - Better-than-expected consumer acceptance of price increases [17] Conclusion Laopu Gold is positioned for significant growth in 2025, with strong sales momentum and strategic store openings. However, GPM pressures and market expectations for net income present potential risks that need to be monitored closely. The company's neutral rating reflects a balanced view of its growth prospects against the backdrop of industry challenges.

WORKING PAPER 25-14 The US Trade Deficit and Foreign Borrowing How Long Can It Continue? Tamim Bayoumi and Joseph E. Gagnon July 2025 ABSTRACT The United States has run significant external deficits for half a century and the associated net international liabilities have been growing, especially recently. Yet, in contrast to earlier periods when the deficit was rising, few economists have expressed concerns about external sustainability lately. This paper explores the drivers and risks associated with the d ...

Global Research ab 17 July 2025 First Read China Solar Industry Prices regulation support polysilicon and wafer price lift Price regulation drove up polysilicon and wafer prices Anna Yuan Analyst S1460524090002 anna.yuan@ubs.com +86-21-3866 8637 According to Silicon China, mono-grade polysilicon price increased 12.4% WoW to Rmb41.7/kg this week. Media report N-type wafer quoted prices rose 45%/45% WoW to Rmb1.45/1.65/1.93/pc for M10/G12R/G12N. The price lift is mainly to comply with the China NDRC's regulat ...

Asia's dollar dilemma: Lessons from Japan Asia's current account surplus economies have long been exporters of capital to the rest of the world. Through the mid- 2010s, widening external surpluses led to strong EM Asia central bank FX reserve accumulation, fueling demand for global fixed income assets in general, and for US treasuries in particular. But the drivers of this flow are shifting. Rather than central banks, in several economies the private sector is emerging as the more significant channel for re ...